On March 23, 2018, Investments Scandium, a 10% Owner, purchased 2,777,778 shares of Scandium International Mining Corp (TSX:SCY) as reported in the SEC Filing. This transaction marks a significant insider buy for the company, which specializes in the exploration and development of scandium and other rare earth minerals.
Scandium International Mining Corp is engaged in the exploration and development of mineral properties. The company focuses on the development of scandium, rare earth minerals, and other critical metals.
The shares were acquired at a price of C$0.18 each, valuing the transaction at approximately C$500,000. Following this transaction, the market cap of Scandium International Mining Corp stands at C$6.533 million.
The company's valuation metrics show a price-earnings ratio of 9,999.00, significantly higher than both the industry median and its historical median. This high ratio indicates a premium valuation compared to earnings.
Over the past year, the insider transaction history for Scandium International Mining Corp reveals no other insider buys or sells, making this purchase by Investments Scandium a notable event in the company's recent history.
For more detailed valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors can refer to the GF Value for a comprehensive analysis.
This insider buy could be a signal to shareholders and potential investors about the insider’s confidence in the future prospects of Scandium International Mining Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
